4 KIDS TAKES TEENAGE MUTANT NINJA TURTLES BACK TO ITS COMIC BOOK ROOTS WITH RELEASE OF SEASON 1 PART 1 ON DVD

Renowned Illustrator Khary Randolph Creates Cover Art For Two-Disc Set Featuring the First 12 Episodes of Season One

FOR IMMEDIATE RELEASE:

NEW YORK (April 16, 2007) – 4Kids Entertainment Home Video, the home video unit of 4Kids Entertainment, Inc. (NYSE: KDE ) in association with FUNimation Entertainment, will release Teenage Mutant Ninja Turtles: Season 1 Part 1 on DVD May 22. Renowned illustrator Khary Randolph has been chosen to create the comic book style cover art for the DVD release, which will feature the first 12 episodes of the classic television series that first aired on 4Kids TV on FOX in fall 2003.

Inspired by the original comic that debuted more than 20 years ago, this successful television series is truer to TMNT co-creator Peter Laird’s graphic style that comic fans love. With significant input from Laird, the episodes are based on those early storylines and feature his inimitable style.

“Designing the cover art for the TMNT season one DVD release gave me the unique opportunity to blend the look and feel of the classic Mirage TMNT comics with the style of the new animation created by 4Kids for the television series,” said Randolph . “It was truly a labor of love and I am proud to have been chosen for the project.”

A graduate of New York’s School of Visual Arts, Khary’s list of credits reads like a “Who’s Who” of comic book hero superstars, having contributed his incredible artistic talents to such comic book legends as Spiderman, Peter Parker, X-Men and Sleepwalker for Marvel Enterprises; Teen Titans and Justice League for DC Comics; Hellboy for Film Roman; Chaotic, and of course, Teenage Mutant Ninja Turtles, for 4Kids Entertainment; among countless other comic books, animated television series and commercials, toy manufacturers and publishing companies.

The journey begins deep beneath the city streets as four talented, but inexperienced martial arts ‘brawlers’ are being trained to be a well-honed fighting unit by their sensei, Master Splinter. Over time, they will face an odd assortment of incredible villains, but none more powerful than their arch nemesis…The Shredder. To survive, these Turtles must learn that teamwork and family are their strongest assets.

This special 2-disc DVD set will be available at retail and at the MailScanner has detected a possible fraud attempt from “www.4kidshomevideo.com).www.4kids.tv” claiming to be www.4kids.tv web store in both English and Spanish language with appropriate soundtracks and packaging.

About 4Kids Entertainment Headquartered in New York City with international offices in London , 4Kids Entertainment, Inc. (NYSE: KDE ) is a global provider of children’s entertainment and merchandise licensing. 4Kids, through its wholly owned subsidiaries, provides domestic and international merchandise licensing; television, film, music and home video production and distribution; product development; and Web site development. For further information, please visit the Company’s Web sites at www.4KidsEntertainment.com and www.4Kids.TV.

About FUNimation Entertainment FUNimation® Entertainment, a wholly-owned subsidiary of Navarre Corporation (NASDAQ: NAVR ), is a brand management company and one of the nation’s leading independent home video entertainment companies. The company has a proven formula for launching and advancing brands, and manages a full spectrum of rights with its brands including broadcasting, licensing, production, Internet, and home video sales and distribution. For images, or more information on FUNimation or any of its properties, contact Jeff Dronen at 817-788-0627 , ext. 251 or jeff.dronen@funimation.com.

The information contained in this press release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors beyond the Company’s control, including general economic conditions, consumer spending levels, competition from toy companies, motion picture studios and other licensing companies, the uncertainty of public response to the Company’s properties and other factors could cause actual results to differ materially from the Company’s expectations.